Fuel prices reduced in Mongolia

Ankhtuya

The price of fuel imports from Russia have finally started to fall. The decrease began at the beginning of the month. This is also reflected on the global markets where the cost of a barrel of oil price has also fallen.

Yesterday (6 December), Minister of Mining and Heavy Industries D.Sumiyabazar held a meeting with fuel importers and agreed to cut fuel prices. From today, the price of a litre of A-92 petrol was reduced by MNT 100 at Mongolian petrol stations. However, it should be remembered that fuel prices increased by MNT 350 in 2018 after importers raised their prices some five times.